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INDIAN STATE: UTTARAKHAND
Policy Framework
Industrial Policy 2003
The aim of the policy is to provide a comprehensive
framework to enable a facilitating, investor friendly
environment for ensuring rapid and sustainable industrial
development in Uttarakhand and, through this, generate
additional employment opportunities and to bring about
a significant increase in the State Domestic Product
and eventual widening of the resource base of the State.
The policy shall remain in force for a period of 5 years.
Full
text of the policy (.pdf)
IT policy
Objectives of the policy
- Encourage the use of IT in the Government not only
as a tool for management and decision support systems
but also re-engineer the processes of the government
to provide a more efficient, transparent, accountable
and responsive government to its citizens.
- Upgrade the quality of life of citizens of the
state by facilitating easy access to consumer applications
of IT.
- Encourage private sector initiatives for the development
of world class IT infrastructure adequate for the
needs of the citizens, the industry and the government.
- Upgrade and develop manpower skills required for
the IT industry and to accelerate the use of IT in
schools, colleges and other educational institution
with a view to providing skills and knowledge to the
youth so as to render them fit for employment in this
industry.
- Use IT as GDP driver by promoting IT industry in
the State, developing the State as an attractive IT
destination with a view to generate employment for
youth in this sector thereby raising their earning
capacity and simultaneously realizing the export as
well as domestic revenue potential in this sector.
Full
text of the policy
Investment Incentives
- 100% Central Excise exemption for 10 years on items
other than those mentioned in the negative list in
the concessional industrial package announced by the
central government.
- 100% income tax exemption for first 5 years and
30% for next 5 years for the Companies and 25% for
others
- CST @1% for 5 years
- Capital investment subsidy @15% with maximum of
Rs. 30 Lakhs (Rs. 3 million).
- Central transport subsidy extended till 2007.
- Exemption from entry tax on Plant & Machinery
for setting up Industry or undertaking substantial
expansion and modernization
- Land use conversion and development charges and
regime will be rationalized
- Stamp duty concession will be provided in respect
of land in specialized commodity parks, including
I.T. parks
- Interest incentive @ 3% with a maximum of Rs. 2
Lakhs per annum per unit shall be provided to New
Small Scale Industries (SSIs) and existing SSIs for
modernization and substantial expansion, provided
they have available loan from State level Financial
Institutions or Banks operating in Uttarakhand and
not defaulted in payment of principal or interest
installments. However, for S.S.I. units and units
notified as Thrust Industries being set up in remote
areas, the interest incentive shall be granted @ 5%
with a maximum of Rs. 3 Lakhs/annum. The interest
incentives shall be admissible to the unit only if
it remains in operation for last installment, failing
which the Government will have the right to recover
the amount of incentive availed.
- For the purpose of Interest Incentive, substantial
expansion shall mean additional investment of not
less than 25% of the underpreciated book value of
plant and machinery of an industrial unit
- For the purpose of the Interest incentive, modernization
of new existing Industrial units means additional
investment to the extent of 25% of the underpreciated
book value of plant and machinery, made in acquisition
of plant and machinery and technical know-how for
such modernization
- For revival/rehabilitation of sick SSI units, interest
incentive @ 3% with a maximum of Rs. 2 Lakhs per annum
shall be provided on the loan taken under fully tied
up revival and rehabilitation package from financial
institutions, banks etc. For entrepreneurs in remote
areas the interest incentive will be granted @ 5%
with a maximum of Rs. 3 Lakhs per annum. The interest
incentive shall be admissible to the units only if
it remains in operation for minimum of 3 years from
the date of date of disbursement of last installment,
failing which Government will have the right to recover
the entire amount of incentive availed
- In the case of sick non-SSI units, Government will
sympathetically consider measures required under revival/rehabilitation
package drawn by Operating Agency/Financial Institutions/Banks
- 100% exemption on Entertainment tax will be allowed
for Multiplex project in the State for period of three
years, and for all new amusement parks and ropeways
for five years.
- 75% of the Total Expenditure subject to a maximum
of Rs. 2 Lakhs incurred in obtaining national/internationally
approved quality marks such as ISO series certificate
etc., shall be reimbursed to the entrepreneurs provided
that the reimbursement/grant availed for this from
all sources should not exceed the total expenditure
on this head
- 50% of the expenses subject to a maximum of Rs.
1 Lakhs incurred in installing pollution control equipments
shall be reimbursed to the entrepreneurs, provided
that the total reimbursement/grant availed for this
from all sources should not exceed the total expenditure
on this head.
- 75% of the cost subject to a maximum of Rs. 2 Lakhs
shall be made available to the entrepreneurs in the
shape of assistance for registering their patents,
provided that the total reimbursement/grant availed
for this from all sources should not exceed the total
expenditure on this head.
- For educated unemployed youth, financial loan assistance
for project upto Rs. 2 Lakhs in case of Manufacturing/Services
Industry and project upto Rs. 1 Lakhs in business
sector shall be available under the "PRIME MINISTER
ROZGAR YOJNA" with subsidy of 15% of the project
cost subject to a maximum of Rs. 15,000. Age limit
has also been relaxed under this scheme from 35 years
to 40 years
- Industries generating employment opportunities
shall be encouraged
- Purchase preference and price preference will be
given to State SSIs in State purchases
- Purchase preference shall be accorded to Non-SSI
units within the State vis-à-vis units outside
the State
- Matching State subsidy on approved projects of
National Horticulture Board (NHB), Agriculture &
Processed Food Products Export Development Authority
(APEDA), National Medicinal Plants Board (NMPB) subject
to a maximum of Rs. 20 Lakhs and subject to a total
subsidy not exceeding over 50% of the project cost.
Industrial Estates
- Well equipped industrial estates are being developed
in the following areas in the state:
- Industrial Estate, Haridwar
- Integrated Industrial Estate, Pantnagar
- Integrated Industrial Estate, Sitarganj
- Development Centre, Kotdwar
- Pharma City, selakui, Dehradun
- Sixty acre IT park, Sahasrdhara Road, Dehradu
- In the districts Udhamsingh Nagar, Haridwar, Dehradun
18 private-public and cooperative industrial estates
are being developed on 800 acres of land with private
- public participation.
- An ultra modern industrial estate developed in
Haridwar on 2000 acres of land.
- Hindustan Unilever Ltd., Mahindra & Mahindra,
ITC, Kirby and other leading industrial houses have
established their units in these estates.
- Under the industrial package, 180 large, medium
and small scale industrial units established by the
end of 2005.
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